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We're neither going up or down, we're just moving between the levels you spoke about. As more people begin to realize and act on those levels the band will become smaller and eventually it will burst one way or another, forcing us either towards 3k or 5k.
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TA confirms the theory as well, i pointed this out on one of my analysis, anyone who has been through a few bear market knows that it's always followed by some sort of flat likely bearish swing that can last for months/years.
some people think that going up will be as at the same speed of going down, this is wrong, look at the charts, history always repeats itself
Bear > sideways > Bull
if we would assume that 3.2k was our bottom, then we can range between the bottom and 5-6k for at least Q1,Q2,Q3 of 2019, the only good thing about crypto that even in it's flat season the gains and the losses are a lot , due to this small market cap, everything from now or wherever the bottom is, will be slow until the break of ATH again when then we will see some fast upward movements, but going by the book, everything now points to a boring year, nothing major till 2020.
Precisely, it's happened every time so far with bitcoin and with nearly everything form of investment ever. Confidence in a market takes time to recover. The only people who are truly in belief that the price will make a miraculously recover in the matter of weeks or a couple of months are clearly clueless as to the way things work and always will be. |
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bearish would have been if price of bitcoin went below $3k not when it is pretty much the same as it was before! fluctuating within the same channels.
Just because the price didn't break that support level yet doesn't mean the market is overall bearish. It may not be bearish for the last month or so we've been stuck in this range but for the last year the price has been trending downwards. Until there are 2-3+ months of growth the market will and should still be considered as bearish. |
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Bitcoin is fluctuating currently between about 3500 and 4200. If either of those levels break then it's not more than a 20% movement in either direction to be above $5000 or below $3000. The only real question is which level will break first. I do believe that unless there is some negative news that the more likely scenario is an increase, with or without positive news.
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Seriously ? Bitcoin didn't start to drop significantly until mt.gox trustee sold 34 thousand bitcoins all at once on market prices which caused a huge drop in the price. There was not enough money in the market to cover that type of sell and the more prices start to drop because of it the more panic sellers sold their coins to get out.
Anyone who thinks what FED did even remotely effects bitcoin doesn't either know what bitcoin is or hasn't been in bitcoin world for too long. The most recent drop was because of bitcoin cash hard fork war and those guys selling bitcoins to fuel their war. Hence, in the end you can not expect bitcoin to stay afloat when there is so much huge sales going on due to other stuff than FED. We in crypto don't care what FED does and we only focus on our internal stuff, only thing we could care would be if FED wants to get bitcoins as well and that is not happening.
We don't care about the FED and I would also be surprised if they care about bitcoin at this point. People always talk about how it's a threat to their way of life but that is not even close to being a reality at this point. Until the many start transitioning to bitcoin then the few will pay it little attention. |
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Can't believe it's been 10 years since that tweet. Time really flies when you're having fun [with Bitcoin]. I really hope that at some point in the future, we'll be able to bring cryogenically frozen people back. Imagine a hundred years from now, people would be able to bring Hal back. For those who don't know what I'm talking about: https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)#DeathIndeed. It would be awesome to bring Hal back and let him know he’s a billionaire legend. I’m sure it’ll be possible someday. Assuming someone keep his encrypted wallet and he didn't reuse his bitcoin address (which make his bitcoin vulnerable against quantum computer since it's public key is revealed)  Also assuming that fiat currencies are still in existence at the time you can bring him back. If BTC becomes the world currency there can never be another billonaire. Unless Satoshi's become the commonly accepted figure. |
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If you're a professional yourself then you'd have something to share instead of just asking for trading strategies. Anyone with truly effective strategies won't share them in too much detail because it would cut in to their own profits.
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Campaign : ### Signature ###
Week Number : < 11 >
How many posts have you done this week : < 13 >
Did you had Gigzi Avatar whole week : < Yes >
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The inherent volatility of the market coupled with its unpredictable nature means that re-balancing your portfolio frequently when facing high fees is just going to dwindle away your money. When there's little in the way of a strong indication for which way prices will move you're better just to stand pat and preserve your funds.
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BTC has been stuck in the current range now for around 2 months, any hope I had of a swift recovery back above $4500 is gone. At this point it seems that the market will build more bearish momentum over time rather than there being a sudden reversal and bullish movement. $4500 is the key resistance level but it's not even come close to being breached.
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If the whole world is indebted to one another then new money does not need to keep coming in. As long as no country is in a powerful enough position to stop the constant rolling over of debt then it can continue with little consequence. The strong world economies that are funded by this debt will stop the success of any non-debt funded economies by whatever means they can, be that through tariffs or through war.
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Explain to me how people investing money can turn in to 30%+ profit within 7 days or less. Oh wait, you can't because this is clearly a scam.
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True adoption is increasing (forget the bandwagoning that happened in 2017).
Mind explaining what 'true' adoption looks like? The only form of adoption I have seen is how people consider crypto to be a money making machine, and that won't change--more than likely will become worse. +90% of the people are here to make money, that's the hard reality. None of the exchanges feel the need to make people aware of why crypto has value in the first place. They only want to stimulate you to buy shit you don't need. Exchanges are the entry points for people. If it goes wrong there, it's likely to go wrong everywhere. Why do I need to buy bitcoin for using as money when I will be having enough payment processors for my online requirements. People will definitely buy bitcoin only when they are believing that there are plenty chances of making more profits in near future by investing with bitcoin right now. If there will be no possibility of multiplying your money through bitcoin, I'm afraid bitcoin must be valuing right now still under $1. Yes, it will be hard to explain and convince people the basics of decentralization and advantage of having such a new money system. People are buying bitcoins with the aim of making good returns and then realizing the benefit of having such a financial system. Common people must need some easy entry points after that they start adopting it more due to its obvious benefits. I consider true adoption to be people being able to and choosing to spend bitcoin in place of fiat. Of course it's hard to fully measure that but there are always news stories of new places that are accepting bitcoin payments. You're right in saying most people are here to grow their fiat value but that cannot be the entirety of the community or bitcoin would have no utility and would end up being nothing more than a ponzi scheme. |
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The fear of falling prices for Bitcoin and other crypto currencies is suddenly still hotly discussed. Is it true that the future of digital money is getting worse in 2019?
There's little to suggest that the future for bitcoin or crypto is getting any worse. True adoption is increasing (forget the bandwagoning that happened in 2017). Price wise there's little room to fall from here so 2019 will likely be a big improvement on 2018. |
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Cryptos won't start being treated as currencies until they are used in that way. Many new projects are not too far away from being traditional fund raising with shares. Being a currency by name does not make a cryptocurrency in to a true currency.
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Price is separate from bitcoin's fundamentals because nowhere when bitcoin was created was there mention of how it should be a good investment and generate fiat profit. Fundamentally bitcoin is meant to be a decentralized method of transacting, I measure that by how feasible it is to use bitcoin. For me that comes down to acceptance and efficiency. I think overall they're steadily improving but a lot more could be done. Fees are still too high and often times transactions too slow and acceptance is still a long way short of its true potential.
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"If I'm right in the thesis, what do I get?"
"But on the other hand, if I am wrong, what is the maximum I lose?"
With these two bezels on your head, it's easy to size and risk your bet.
The risk is huge and so we must scale very well the amount we have to lose, not to fall into the fallacy of trying to solve life with a single shot.
Only too many people are blinded by their optimism and fail to see the downside. It seems that when it comes to investing people are a lot more naive than in other aspects of life where they're able to think rationally and adapt to risk. they are increasingly blinded by encouragement from other people who have the same optimism and may be without foundation so most of them only produce a regret. Risk is sometimes forgotten simply because of selfish attitudes to self-confidence that are too high. You're right, the community largely don't help in that. While a lot of people here are very wise and know and understand how to deal with risk, when times are good you get a lot of people nye on guaranteeing that investing will generate profit and it breeds complacency. |
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"If I'm right in the thesis, what do I get?"
"But on the other hand, if I am wrong, what is the maximum I lose?"
With these two bezels on your head, it's easy to size and risk your bet.
The risk is huge and so we must scale very well the amount we have to lose, not to fall into the fallacy of trying to solve life with a single shot.
Only too many people are blinded by their optimism and fail to see the downside. It seems that when it comes to investing people are a lot more naive than in other aspects of life where they're able to think rationally and adapt to risk. |
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I don't think ETF news will make much difference in either direction other than the initial inevitable panic. Even if an ETF is approved it will take months or more before one is actually trading, if it's rejected then they'll just apply again.
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I would like to think having a readily available list like this would stop of all of the nonsense threads of '500k bitcoin moved, whale set to cash out' but I don't see that happening. People who believe that don't use logic or do their own research.
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